Reported 1 day ago
Gold prices fell 0.6%, reaching $2,617.75 an ounce, following mixed US jobless data, which failed to influence expectations regarding Federal Reserve interest rate cuts. Despite an increase in recurring unemployment benefit applications and the Fed's cautious stance on future rate cuts, gold has seen a substantial increase this year, influenced by monetary easing and demand. The market remains uncertain amid a stronger dollar after the recent elections.
Source: YAHOO